Victims of $4.2m swindle find closure

Not many people would say they were "as happy as Larry" after being swindled out of their 37.5 hectare farm and being forced to live in a caravan.

But Pauline Oldfield is no ordinary woman.

"You know what? We've got a good life," she said about her new home, smiling as she stood outside Perth's District Court on Tuesday.

Her comments followed the sentencing of Catherine Anne Thompson to five years and one month in jail after the former mortgage broker swindled more than 20 people out of a total of $4.2 million over a fake retirement village called "Mormonville".

A composed Ms Oldfield said she and her husband John had lost $230,000 and were now living in a $5000 caravan.

She said the sentence had given her closure and she didn't care about how long it was.